Monobank is introducing an innovative function for convenient separation of accounts in the company, and also introduces a new system for fast payment for purchases online.
Monobank innovations
Group expenses: a convenient solution
Oleg Gorokhovsky, head of Monobank, announced the launch of a new service in the banking application. This feature is designed to make it easier to split the bill for group events.
“Imagine the situation: every Friday you and your colleagues visit a billiards club. Usually one person pays for drinks, another for table reservations, and a third for orders from the kitchen. Now it will become much easier to divide these expenses between all participants,” explains Gorokhovsky.
How the new feature works
To use the “Group expenses” service, the user needs to create a separate contact group in the Monobank application. You can then add expenses from your statement or enter them manually, and then distribute the amount among group members.
Mono checkout: quick online purchases
In August, Monobank introduced the mono checkout function, which significantly speeds up the process of making online purchases . This system automatically fills in the necessary data on websites, reducing the ordering time from five minutes to one. It is important to note that payment can be made by card of any bank.
Glossary
- Monobank is a Ukrainian online bank founded in 2017.
- Oleg Gorokhovsky is one of the founders and head of Monobank.
- Mono checkout is a function for quick payment for purchases in online stores.
- Group expenses - a new feature of Monobank for splitting accounts.
- ITC is a Ukrainian online publication about technology and business.
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Discussion of the topic – Group expenses in monobank: How to easily split the bill with friends
Monobank has launched a new 'Group Spending' feature, allowing users to easily share accounts with friends or colleagues. This service will simplify the payment process for joint events.
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Ethan
Wow, this new monobank feature is really cool! 😎 Now you don’t have to struggle with calculations after gatherings with friends. I wonder how quickly this will catch on?
Sophie
I agree, Ethan! I often go to cafes with my friends, and splitting the bill is always a problem. This is a real lifesaver 🙏 I hope other banks will catch up too.
Klaus
But it seems to me that this is unnecessary. Previously, we somehow managed without this, and nothing. Why complicate simple things? It would be better if the interest rate on deposits was increased.
Isabella
Klaus, why so negative? 🤨 It's convenient! Imagine how much time you will save on calculations. As for deposits, I agree, it would be nice.
Pierre
I already tried this feature with my colleagues last week. Works great! 👍 It’s especially convenient that you can create a group and use it again later.
Ethan
Pierre, cool! How quickly is everything calculated? And is it possible to adjust the amounts if someone, for example, did not drink?
Sophie
By the way, what about the mono checkout function? 🤔 Has anyone already used it? Does online shopping really save time?
Isabella
Sophie, yes, I tried it! It's just magic 🪄 You no longer need to enter all the data again every time you order. Saves a lot of time, especially if you often shop online.